NASSCOM’s 10,000 Startups program accelerates 30 startups

10,000 Startups, Nasscom’s initiative to support the startups in India, has announced that it had shortlisted 332 startups out of 4,000 applications that it received under the programme.

Out of these, 20 companies have become part of the acceleration programs of Microsoft Accelerator, The Morpheus, 500 Startups, TLABS, Kyron, CIIE and IIIT Hyderabad. 10 companies were accelerated at the Startup Warehouse set up by NASSCOM with the support of Govt of Karnataka.

The over 300 shortlisted companies participated at various Pitch Sessions conducted at Delhi, Mumbai, Bangalore, Hyderabad & Kolkata where more than 1200 pitches were done to more than 50 angel investors, accelerators, angel investor groups, venture capitalists and mentors.

Also, 5 companies had raised on the spot funding from the SharkTank concept, 4 of these companies got funded at #Startuproots, and 1 company got funded at Tie-the-knot.

Through the StartupKonnect platform, Nasscom had also provided 15 startups an opportunity to explore Strategic partnerships / M&A opportunities with 10 of India’s biggest IT Enterprises

Throughout the program it had conducted 100+ events comprising of workshops, hackathons, pitches, etc., reached out to 15+ cities and touched base with 7500+ entrepreneurs / aspirants.

Nasscom had started accepting applications for the 10,000 startups program in April this year, with support from Microsoft, Verisign and Google for entrepreneurs.

Click here to see the demographics of the applications that Nasscom received.